$SILVER This count is now my base case. It also aligns well with Gold. I think we are still completing the larger C of a WAVE (2) and are currently in a wave (iv) of C rather then a B wave bounce. Both counts would see a move back below the recent swing low however this new count means we could be closer to completing the correction wave (2) before heading higher. The DXY looks set up for one more thrust higher out of a wave (iv) correction also, however if it takes out the highs set in October 2023, this would mean mean a deeper / longer correction in the metals but I give that a low probability at this stage.
@SilverSurfer_23 2 major downwaves (a, c) are of the exact same length; a harmony often found in ABCs. The channel of wave 3 is 100% filled at the low of the second/C. +A parabola supports this low. + a 5 wave decline is against EW principles. -unless part of larger ABC, no time for that.
@SilverSurfer_23 I love your posts - god bless you.
@SilverSurfer_23 Anything can happen, hard to properly assess commodities cause any catalyst can change at a moments notice. What I do know is this: the silver juniors have been trading huge volumes over the last several weeks. Money is positioning for the trade. The risk is not being positioned